Renger Investment Management, a Nordic real estate investor, and Premico Group, a Finnish property investment and development company, are marketing a new Premico Carbon Neutral Residential Fund (PCNRF), the companies announced on Friday.
PCNRF is Finland’s first residential fund focused on constructing sustainable residential buildings with a small carbon footprint. The fund will invest in A-rated energy class buildings located within the Helsinki region, which aim for carbon neutrality during the occupancy period. Similar to Premico’s existing housing funds, Premico Residential Funds I and II, the PCNRF will only invest in new build-to-rent residential assets.
The fund will have an equity fundraising target of €200 million ($235 million) and an overall investment capacity of €400 million ($470 million). Premico already has identified multiple potential investment targets in the housing market, and is planning to make its first investments for the fund in earl
